ATLANTA–Equifax has confirmed it sent the erroneous credit scores to lenders of all asset sizes on people applying for auto loans, mortgages and credit cards and more during mid-March through early April of this year.
Fresh Today
ARLINGTON, Va.—Bank loan officers are reporting tighter standards and stronger demand for commercial and industrial loans to firms of all sizes.
WASHINGTON—NAFCU and CUNA have joined with several other trade associations that include the American Bankers Association in signing a petition asking the CFPB to initiate a rulemaking, under section 553(e) of the Administrative Procedure Act (APA) to define the “larger participants” in the market for data aggregations services that will be subject to CFPB supervision.
WASHINGTON—CUNA has issued an action alert calling on credit unions to share their concerns with the interchange bill introduced by Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS). The bill would allow merchants to route payments through an unaffiliated network.
WASHINGTON— The Improving Cybersecurity of Credit Unions Act, which would give NCUA additional authority to examine credit unions’ third-party vendors, has been introduced in the Senate.
WASHINGTON–Two bank trade groups are objecting to language related to online security in the proposed defense bill before Congress, arguing it will actually endanger cybersecurity.
SAN ANTONIO–The 2022 Defense Credit Union Council Annual Conference has kicked off here, beginning with a session offering an update on legislative and regulatory initiatives and concerns.
MADISON, S.D.–The CEO of one small credit union is sharing how she goes about having the difficult conversations that come when members are experiencing difficult times financially.
NEW YORK–Americans struggling to keep up with inflation and the ever-higher cost of living are piling up more credit card debt, according to the New York Fed.
ALEXANDRIA, Va.–A former staff member at NCUA who was responsible in part for a number of changes at the agency and practices with which credit unions are now familiar has died.